Inflation Reduction Act
The Inflation Reduction Act of 2022 (IRA), Pub. L. 117–169 (text) (PDF), is a United States federal law which aimed to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting renewable energy.
Feed-in tariff
A feed-in tariff (FIT, FiT, standard offer contract, advanced renewable tariff, or renewable energy payments) is a policy mechanism designed to accelerate investment in renewable energy technologies by offering long-term contracts to renewable energy producers. This means promising renewable energy producers an…
MoneySuperMarket
MONY Group plc, trading as MoneySuperMarket, is a British company which specialises in technology-led money-saving platforms including several price comparison websites. The company enables consumers to compare prices on a range of products, including energy, car insurance, home insurance, travel insurance, mortgages,…
2000s energy crisis
From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under US$25/barrel in 2008 dollars. During 2003, the price rose above $30, reached $60 by 11 August 2005, and peaked at $147.30 in July 2008.
EDF Renewables
EDF Power Solutions (formerly EDF Renouvelables & EDF Renewables) is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance…
REPowerEU
REPowerEU is a strategy adopted by the European Commission in May 2022 in response to the sharp rise in energy prices and the energy security risks that followed Russia's full-scale invasion of Ukraine. The energy crisis triggered by the invasion of Ukraine led to a significant increase in electricity prices across…
Energy subsidies in the United States
Energy subsidies are government payments that keep the price of energy lower than market rate for consumers or higher than market rate for producers. These subsidies are part of the energy policy of the United States.
2020s energy crisis
The 2020s energy crisis was an energy crisis that began in the aftermath of the COVID-19 pandemic, resulting in shortages and increased prices in oil, gas and electricity markets. The crisis was particularly acute in Europe, and especially following the Russian invasion of Ukraine, the energy crisis became popularly…
Federal Energy Regulatory Commission
The Federal Energy Regulatory Commission (FERC) is an independent agency of the United States government that regulates the interstate transmission and wholesale sale of electricity and natural gas and the prices of interstate transport of petroleum by pipeline. FERC also reviews proposals to build interstate natural…
Power purchase agreement
A power purchase agreement (PPA), or electricity power agreement, is a long-term contract between an electricity generator and a customer, usually a utility, government or company. PPAs may last anywhere between 5 and 20 years, during which time the power purchaser buys energy at a pre-negotiated price.